Dollar Tree, Inc. (DLTR) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,540 shares of the company’s stock after selling 648 shares during the period. CIBC Asset Management Inc’s holdings in Dollar Tree were worth $4,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Exane Derivatives acquired a new position in Dollar Tree in the fourth quarter worth approximately $104,000. Cerebellum GP LLC acquired a new position in Dollar Tree in the fourth quarter worth approximately $127,000. Advisory Services Network LLC grew its position in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the last quarter. FTB Advisors Inc. grew its position in Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after buying an additional 992 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Dollar Tree in the third quarter worth approximately $150,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Several research analysts have issued reports on DLTR shares. Jefferies Group restated a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. restated a “buy” rating and issued a $118.00 price target on shares of Dollar Tree in a research report on Friday, November 3rd. Raymond James Financial set a $124.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, BidaskClub lowered shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $105.85.

In other Dollar Tree news, insider David A. Jacobs sold 9,192 shares of Dollar Tree stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. Following the completion of the sale, the insider now owns 13,199 shares of the company’s stock, valued at approximately $1,317,260.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Saunders sold 33,750 shares of Dollar Tree stock in a transaction on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. Insiders have sold a total of 143,132 shares of company stock valued at $14,679,180 in the last three months. Company insiders own 4.10% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $106.08 on Thursday. The stock has a market cap of $25,570.86, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. equities research analysts expect that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.

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About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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